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German parliament to vote on fiscal package that could bring historic reforms

The Reichstag building in the early morning. Paul Zinken/dpa | Picture Alliance | Getty Images Germany’s Bundestag is set to vote on a major fiscal package later on Tuesday, which includes changes to long-standing debt policies to enable higher defense spend and a 500 billion euro ($548 billion) infrastructure and climate fund. More than two thirds of parliament need to …

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Markets rise as U.S. consumers continue spending

Shoppers in New York City, U.S., on Feb. 2, 2025. Robert Nickelsberg | Getty Images News | Getty Images The Wall Street adage to never bet against the U.S. consumer still holds true — to some degree. February’s retail sales, while lower than expected, still registered an increase. For the skeptics, that is like desperately squinting for a silver lining. …

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Baidu, once China’s generative AI leader, is battling to regain its position

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Sopa Images | Lightrocket | Getty Images Chinese tech giant Baidu has released two new artificial intelligence models as it vies to regain its leading position in the country’s fiercely competitive AI space.  The Baidu models launched Sunday included the company’s first reasoning-focused model, as …

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